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Software company LiveTiles Technologies has announced a 208 per cent increase in growth, anniversarying it reoccurring revenue reach, from $11.2 million in 2018, to $34.5 million this March.

The company aims to organically grow ARR to at least $100m by June 30 2021.

LiveTiles CEO Karl Redenbach says the company expects a strong revenue growth throughout the 2019 financial year, particularly propelled by an AI product launch.

Earlier this year, LiveTiles acquired Microsoft-aligned and Copenhagen based workplace software Wizdom.

The acquisition of Wizdom aimed at growing the company in the European region.

During acquisition, Wizdom had a ‘high quality’ customer base of 243 clients.

CEO Redenbach also expressed confidence to achieve the $100m 2021 target.

Please see the announcement attached

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